Financing in 94502>Question Details

Norma Tonin,  in Alameda, CA

I need to know approx value of my home to see if I can re-fi for a better rate

Asked by Norma Tonin, Alameda, CA Wed Jan 23, 2008

3414 Redhook Lane, Alameda CA 94502
3 bedroom, 2-1/2 Ba, PUD, 1651 sq ft, garage, 2 stories

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Call a good Alameda broker!
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0 votes Thank Flag Link Sat Feb 9, 2008

Interest rates are at an all time low and it's a great time to purchase or refinance. We would be glad to help you establish a value on your PUD. I am guessing it is a townhome or a patio come. Could you provide a few more details. Drop me an email so I can be of service.

By the way 3414 Redhook is coming up as 1664 sq. ft. and a F Model. Is this correct?
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0 votes Thank Flag Link Thu Jan 24, 2008
Pam Winterba…, Real Estate Pro in ,
Hello Norma, our brokerage recently closed a PUD unit of approximately the same size in Alameda on Cleveland Court. You may have seen it. It will probably be a good comparable for your home. Glad to speak with you further. Also, consider calling Gwen Hoople, a mortgage broker in Montclair who is the best. Just let her know what you are thinking about, and she will help you with a good strategy.
0 votes Thank Flag Link Wed Jan 23, 2008
DO NOT DELAY - rates today are amazing - we've seen conforming low but today a new product designed for Jumbo too.
I use - I urge you to call him immediately, over 10 years in the industry with his clients who unlike many other mortgage people Haven't lost their homes.
(925) 606-0121, 800 272-8505.
Let Mr. Davis call an expert to see what the value is on your property.
Good Luck.
0 votes Thank Flag Link Wed Jan 23, 2008
Dear Norma,

Do you have a mortgage broker you work with? If you do I would suggest giving them a call and letting them know that you are are considering refinancing. Refiancing will have a lot to do with how long you have been in your current home. Many lenders are limiting the loan to value at 80%, so say your home appraises for $500,000 and you need to refiance $490,000, you may not have enough equity to refinance.

If you would like I can send you information regarding properties that have sold recently near your home, but without knowing the full picture of your current situation, it would be next to impossible to advise on a value.

When refinancing an apprasier will look at not only the size and location of your home, but at any upgrades that have been mades such as upgrades to mechanical and structure systems as well as upgrades to the interior such as a remodeled kitchen. These aspects will also influence the value of your home for re-fiancing.

If you do not have a mortgage broker you are currently working with I can highly recommend Chris Hudson at
0 votes Thank Flag Link Wed Jan 23, 2008
Hi Norman;
Please realize that this is a complete seat of the pants estimate. It is always difficult to get the value of a home without seeing it. Also, the value an appraiser working for a lender will be different from a market analysis a Realtor would give you.
With all that being said, I would approximate the value of your unit at between $500k and $525K. Again, this is a very rough estimate.

If you have questions, please feel free to contact me.

Eric H Wong
Prudential California Realty
0 votes Thank Flag Link Wed Jan 23, 2008
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